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Staff Accountant

Spring Health

Spring Health

Accounting & Finance
Remote
Posted on Thursday, June 20, 2024

Our mission: to eliminate every barrier to mental health.

Spring Health is a comprehensive mental health solution for employers and health plans. Unlike any other solution, we use clinically validated technology called Precision Mental Healthcare to pinpoint and deliver exactly what will work for each person — whether that’s meditation, coaching, therapy, medication, and beyond.

Today, Spring Health equips over 800 companies, from start-ups to multinational Fortune 500 corporations, as a leading and preferred mental health service. Companies like J.P. Morgan Chase & Co., Microsoft, J.B. Hunt, Bumble, and Instacart use the Spring Health platform to provide mental health services to thousands of their team members globally. We have raised over $370 million from prominent investors including Kinnevik, Tiger Global, Northzone, RRE Ventures, and many more. Thanks to their partnership, our current valuation has reached $2.5 billion.

The Staff Accountant is responsible for assisting with the management and reporting of the company’s revenue. This role includes processing and recording revenue transactions, ensuring accuracy in reporting, and compliance with accounting standards. The ideal candidate will have a strong attention to detail, excellent analytical skills, and a solid understanding of accounting principles related to revenue recognition.


What you'll be doing:

  • Revenue Recognition:
    • Ensure accurate and timely recording of revenue in accordance with Generally Accepted Accounting Principles (GAAP) and company policies.
    • Review and analyze contracts for proper revenue recognition treatment.
    • Assist in the preparation and analysis of monthly, quarterly, and annual revenue reports.
  • Month-End Close:
    • Participate in the month-end close process, including preparing journal entries, account reconciliations, and variance analysis.
    • Ensure all revenue-related accounts are reconciled and discrepancies are resolved promptly
    • Reconcile balance sheet accounts, identify and correct errors and prepare reconciliation for management review on a monthly basis.
  • Billing and Invoicing:
    • Review customer invoices to ensure accuracy and completeness.
    • Support Billing to identify billing errors, resolve billing discrepancies and respond to customer inquiries related to billing and revenue.
  • Compliance and Auditing:
    • Assist in internal and external audits, providing necessary documentation and support.
    • Ensure compliance with internal controls and accounting policies.
  • Financial Analysis and Reporting:
    • Perform revenue analysis to identify trends, variances, and opportunities for improvement.
    • Prepare detailed revenue reports and present findings to management.
  • Collaboration:
    • Work closely with sales, Revenue Operations, and Customer Success to ensure accurate revenue reporting and resolve issues.
    • Provide support to other finance team members as needed.

What success looks like in this role:

  • Complete monthly financial close within 5 business days.
  • Ensure monthly revenue recognition is accurate, minimize the number of audit findings and correction
  • Reconcile balance sheet accounts on time on a monthly basis
  • Support on audit and ensure audit is completed by on time
  • Encourages proactive enhancement of accounting processes

What we expect from you:

  • Bachelor's degree in Accounting or Finance
  • 1-2 years of experience in revenue accounting or related fields.
  • Knowledge of ASC 606 and revenue recognition principles.
  • Proficiency in accounting software and advanced Excel skills, Netsuite experience is preferred
  • Excellent analytical and problem-solving abilities.
  • Strong communication and interpersonal skills.
  • Attention to detail and ability to work independently.
  • Prior experience with Salesforce is a plus.
  • Ability to work in a fast paced, start-up environment ​​and thrives on challenges


The target base salary range for this position is $59,200-$74,000, and is part of a competitive total rewards package including stock options and benefits. Individual pay may vary from the target range and is determined by a number of factors including experience, location, internal pay equity, and other relevant business considerations. We review all employee pay and compensation programs annually at minimum to ensure competitive and fair pay.

Don’t meet every requirement? Studies have shown that women, communities of color and historically underrepresented talent are less likely to apply to jobs unless they meet every single qualification. At Spring Health we are dedicated to building a diverse, inclusive and authentic workplace

To ensure intentional and equitable hiring practices, we use a balanced candidate slate in our interviews. This approach guarantees that our pool of qualified candidates includes individuals who are underrepresented in our organization at all levels. This is a key performance indicator (KPI) for our recruiting and hiring teams, reported quarterly to maintain accountability.

Please note: You must wait 60 days before re-applying for the same job. Additionally, you can apply to up to three jobs within a rolling 30 day window. Focus on applying to jobs that are the most suitable match for your talents by carefully reading the overview and qualification information.

Ready to do the most impactful work of your life? Learn more about our values, how we work, and how hypergrowth meets impact at Spring Health: Our Values

Hypergrowth meets impact

What to expect working here:

  • You will be held accountable to an exceptionally high bar and impact
  • This may be the fastest work environment you will ever experience in terms of growth, decision-making, and time to impact
  • You will be empowered to set your own boundaries and asked to adapt them in critical moments when the company needs you
  • You will create processes & products that have never existed before
  • You will have very direct conversations and receive continuous feedback to push you to become the most thriving team member and performer you can be
  • Change is a constant here: your role, team, responsibilities, and success metrics will shift as the company grows

And…

  • You get to be surrounded by some of the brightest minds in the field
  • You get to learn and grow at an extremely accelerated pace
  • You will experience transparency, integrity, & humility from leadership
  • You will be empowered to constantly challenge the status quo
  • You get the space to experiment & innovate
  • You get to make a transformational impact for the company, mental health, and for real human lives — and you will see that impact quickly
  • You will become more resourceful and resilient
  • You get to be part of a winning team that opens doors in the future

Benefits provided by Spring Health:

Your Total Health:

  • Health, Dental, Vision benefits start on your first day at Spring Health. You and your dependents also receive an individual One Medical account which is valued at $199/year per user. HSA and FSA plans available
  • A yearly allotment of no cost visits to the Spring Health network of therapists, coaches, and medication management providers for you and your dependents
  • 10 allocated sick days per year
  • Flexible paid time off in addition to 12 paid holidays throughout the year
  • Access to Gympass, an on-demand virtual benefit that provides wellbeing coaching, and budget management.
  • Spring Renewal: When you hit your four-year Springaversary, you’ll be awarded a four week, fully paid, sabbatical leave to renew and recharge.

You And Your family:

  • 4-4.5 months of fully paid parental leave
  • Spring Health provides team members and their families with sponsored access to Bright Horizons® child care, back-up care, and elder care.
  • Access to fertility care support through Carrot, in addition to $4,000 reimbursement for related fertility expenses

Supporting you financially through:

  • Our People team benchmarks all salaries using the Radford Global Compensation Database for technology and life sciences industries. Radford benchmarks salaries with 3,589 global firms, 6.5 million employees, and 98 countries across the globe. We do this to ensure all of our team members are paid equally and competitively.
  • On top of competitive and benchmarked salary, Spring Health offers incentive pay (based on role), and equity that begins vesting as we celebrate your first year with the company!
  • Employer sponsored 401(k) match of up to 2% after 90 days of employment

Creating a culture you can thrive in:

  • Flexible work arrangements: 66% of Spring Health team members work fully remote while 33% work in a hybrid model from our New York City offices
  • Focus Fridays: no meetings, no distractions, just time for you to get work done.
  • Focus Weeks: In Spring 2023, we held our first ever Focus Week, we canceled all non-essential meetings, minimized distractions, and you, our team members, to dive into the key work that gets chopped up or deprioritized during the regular day-to-day. We saw a 36% jump in the average energized score after those five days of flow state work and are finalizing a plan for quarterly Focus Weeks for team members.
  • Up to $1,000 Professional Development Reimbursement per calendar year.
  • $200 per year donation matching to support your favorite causes

Our privacy policy: https://springhealth.com/privacy-policy/

Don’t meet every requirement? Studies have shown that women, communities of color and historically underrepresented talent are less likely to apply to jobs unless they meet every single qualification. At Spring Health we are dedicated to building a diverse, inclusive and authentic workplace

To ensure intentional and equitable hiring practices, we use a balanced candidate slate in our interviews. This approach guarantees that our pool of qualified candidates includes individuals who are underrepresented in our organization at all levels. This is a key performance indicator (KPI) for our recruiting and hiring teams, reported quarterly to maintain accountability.

Our privacy policy: https://springhealth.com/privacy-policy/

Spring Health is proud to be an equal opportunity employer. We do not discriminate in hiring or any employment decision based on race, color, religion, national origin, age, sex, marital status, ancestry, disability, genetic information, veteran status, gender identity or expression, sexual orientation, or other applicable legally protected characteristic. We also consider qualified applicants regardless of criminal histories, consistent with applicable legal requirements. Spring Health is also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you have a disability or special need that requires accommodation, please let us know.